Clifford Chance has advised Deutsche Bank, HSBC and Standard Chartered as the joint lead managers on the Socialist Republic of Vietnam's US$1 billion 4.8% 10-year bond issuance. The issuance was done in conjunction with a cash tender offer for outstanding bonds with an option to switch into the new issue or receive cash for notes due in 2016 and 2020, on which Clifford Chance also advised.
Ashurst is advising Société Générale in relation to a recommended cash acquisition, being structured as a scheme of arrangement, of Japaninvest Group Plc by Haitong International (BVI) Limited. The acquisition values the entire issued and to be issued share capital of Japaninvest at approximately ¥2,878.2 million ($24.36 million; £15.53 million).
Société Générale currently owns approximately 22.97 per cent of the existing issued ordinary share capital of Japaninvest.
Ashurst has advised Macquarie Capital (Australia) Limited (MCAL) and UBS AG, Australia Branch (UBS) in a fully underwritten offer to raise approximately A$397 million by the DUET Group.
DUET, an ASX-listed owner of energy utility assets in Australia, announced an accelerated non-renounceable pro-rata entitlement offer (Entitlement Offer) of 1 new stapled security for every 8 existing stapled securities (New Stapled Securities) at an offer price of $2.39 per New Stapled Security, to raise approximately $397 million.
The banks’ joint solution to mobile payment, Swipp, purchases Paii, Denmark’s first real mobile payment solution, from the telecom providers TDC, Telenor, Telia and 3 and merges the two businesses with the declared goal to make Swipp the Danes’ favourite mobile payment solution.
With the merger of Swipp and Paii, there will be a new joint app, making it possible for all Danes, regardless of their chosen bank, to use their mobile phones to transfer money, pay online or make payments in stores.
Ashurst is advising Goldman Sachs in relation to the £725 million recommended cash offer by Air Bidco for Advanced Computer Software Group plc, announced today. Air Bidco is an investment vehicle indirectly owned by the Vista Funds.
Advanced Computer Software Group is a leading provider of software and IT services to the public, private and not for profit sectors which enable organisations to improve efficiency, reduce costs and drive growth.
Goldman Sachs is acting as financial adviser to Air Bidco and the Vista Funds in relation to the offer.
Castren & Snellman acted as counsel to Nordea Bank Finland Plc, Pohjola Bank plc and Merchant Banking, Skandinaviska Enskilda Banken AB (publ) in a finance arrangement where PKC Group Plc signed a 5-year revolving credit facility agreement for EUR 90 million with our clients.
The C&S team included Partner Tero Tuomisto, Counsel Mikko Heinonen and Associate Riikka Mustonen.
Hannes Snellman acted as counsel to DIBS Payment Services in the public takeover offer for the shares in DIBS made by Nets Holding A/S. Nets offers SEK 82.50 per share in DIBS. The offer represents a premium of 45 per cent compared to the closing share price the last trading day before the announcement of the offer. The offer values DIBS to SEK 790 million.
Our core team included: Sara Mindus, Sören Lindström, Anna Partovi and Peter Forsberg.
DWF has advised Zeus Capital in relation to Collagen Solution’s acquisition of New Zealand-based Southern Lights Biomaterials and its £6million share placing. Zeus Capital acted as the nominated adviser and broker on the deal.
The £6million acquisition constitutes a reverse takeover and the net proceeds of the placing will partially fund the initial £2.5million cash element of the consideration and provide working capital.
Watson, Farley & Williams (“WFW”) has advised Crédit Agricole Corporate and Investment Bank (“CACIB”), SACE S.p.A. (“SACE”) and a syndicate of banks on the amendments to the guarantee structure of three loan facilities provided to subsidiaries of Prestige Cruise Holdings Inc. (“Prestige”). These amendments follow Norwegian Cruise Line Corporation Ltd’s (“NCL”) US$3.025 billion acquisition of Prestige.
Gladiator Leasing, a subsidiary of Erste Group Bank AG, purchased an aeroplane owned by the American company Aircraft 28038 LLC (a subsidiary of Aircastle) - a global company involved in purchasing, leasing and sales of commercial aeroplanes. Enter Air, a Polish charter airline, remains the operator of the aeroplane. The airline has four permanent bases of operation: Chopin airport in Warsaw, the airport in Pyrzowice, the airport in Poznan and the airport in wroclaw, and leases a total of 14 Boeings, including the aeroplane belonging to Gladiator Leasing.